Word: debt
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Dates: during 1950-1959
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...Them." The scene was repeated over & over again in the great (pop. 4,000,000) city. Shanghai "owed an enormous debt of blood to the people," said its Communist Mayor, because it had been "the headquarters of the imperialists, feudalists and bureaucratic capitalists...
Early stocks do not seem to have been too successful. Some were finally written off as a "Doubtful and Disparate Debt Harvard had two shares of the Charles River Bridge at $3,000 a share; but the advent of free bridges across the river ended this as a source of revenue." The University did try to convince the legislature that Massachusetts owed Harvard repayment for the bridge's annihilation as "productive estate...
...revolution was profitable: in 1929, they earned $14.5 million after taxes. By that time Sam Warner had died, and President Harry ploughed the profits back into a string of theaters. The Warners owned 500 theaters, had assets of $230 million when the Depression hit, plunged them into a debt of $113 million. They ruthlessly sliced salaries in half, cut all other expenses just as deeply. Said Harry: "A picture is just an expensive dream. It's just as easy to dream for $700,000 as for $1,500,000." Production Boss Jack Warner picked topical stories...
...spring of 1947, London Drama Critic James Agate found himself in a familiar condition: up to his neck in work, up to his ears in debt. The British revenue office sent him a "curt communication saying that unless I find ?940 within a week everything in my flat except the bed I lie on will be taken away...
...Wagner recalls, "my first year at Rollins was a heavenly one," and on the surface, the majority of Rollins was inclined to agree. The real source of the trouble ahead was buried in Rollins' past. From ex-President Hamilton Holt, Wagner had inherited a debt of $500,000, and the interest on that alone was eating up every bit of endowment income. It was when Wagner tried to do something about Rollins' shaky finances that the trouble began to come out into the open...